v3.26.1
SIGNIFICANT ACCOUNTING POLICIES (Tables)
 9 Months Ended
May 31, 2026
Accounting Policies [Abstract]  
Disaggregation of Revenue
The components of revenue for the three and nine months ended May 31, 2026, and May 31, 2025, respectively, were as follows:
Three Months EndedNine Months Ended
(in thousands)May 31, 2026May 31, 2025May 31, 2026May 31, 2025
Software licenses
Point in time$11,993 $11,974 $34,110 $34,505 
Over time615 641 2,016 2,309 
Services   
Over time9,278 7,748 28,472 24,905 
Total revenues$21,886 $20,363 $64,598 $61,719 
Accounts Receivable, Allowance for Credit Loss
The activity in the allowance for credit losses related to our accounts receivable is summarized as follows:
Three Months EndedNine Months Ended
(in thousands)May 31, 2026May 31, 2025May 31, 2026May 31, 2025
Balance, beginning of period$73 $179 $187 $149 
Provision for credit losses(4)92 (88)114 
Write-offs(10)(16)(40)(8)
Balance, end of period$59 $255 $59 $255 
Property and Equipment Estimated Useful Lives Depreciation and amortization are calculated using the straight-line method over the estimated useful lives as follows:
Equipment5 years
Computer equipment
3 to 7 years
Furniture and fixtures
5 to 7 years
Leasehold improvementsShorter of the asset life or lease term
Schedule of Goodwill
Below is a reconciliation of the changes in Goodwill carrying value per reportable segment for the nine months ended May 31, 2026:
(in thousands)Software Services Total
Balance, August 31, 2025$21,801 $21,916 $43,717 
Addition— — — 
Impairments— — — 
Balance, May 31, 2026$21,801 $21,916 $43,717 
Schedule of Finite-Lived Intangible Assets
The following table summarizes other intangible assets as of May 31, 2026:
(in thousands)Amortization
Period		Gross Carrying ValueAccumulated
Amortization		Net Book Value
Trade namesIndefinite$6,950 $— $6,950 
Covenants not to compete
Straight line 2 to 3 years
23 23 — 
Other internal use software
Straight line 3 to 13 years
655 150 505 
Customer relationships
Straight line 8 to 14 years
6,666 4,312 2,354 
ERP
Straight line 15 years
1,907 642 1,265 
$16,201 $5,127 $11,074 
The following table summarizes other intangible assets as of August 31, 2025:
(in thousands)Amortization
Period		Gross Carrying ValueAccumulated
Amortization		Net Book Value
Trade namesIndefinite$6,950 $— $6,950 
Covenants not to compete
Straight line 2 years to 3 years
53 53 — 
Other internal use software
Straight line 3 years to 13 years
718 110 608 
Customer relationships
Straight line 8 years to 14 years
6,667 3,693 2,974 
ERP
Straight line 15 years
1,907 543 1,364 
$16,295 $4,399 $11,896 
Finite-lived Intangible Assets Amortization Expense
Estimated future amortization of finite-lived intangible assets for the next five fiscal years are as follows:
(in thousands)
Years Ending August 31,
Amount
Remainder of 2026$269 
2027$848 
2028$701 
2029$380 
2030$380 
Debt Securities, Available-for-Sale
The following tables summarize our short-term investments and cash equivalents as of May 31, 2026, and August 31, 2025:
May 31, 2026
(in thousands)Amortized costUnrealized gainsUnrealized lossesFair value
Level 1:
Money Market$17,755 $— $— $17,755 
Term deposits (due within one year)10,000 — — 10,000 
Corporate debt securities (due within one year)14,680 — (14)14,666 
Total Level 142,435 — (14)42,421 
Level 2:— — — — 
Level 3:— — — — 
Total securities$42,435 $— $(14)$42,421 
August 31, 2025
(in thousands)Amortized costUnrealized gainsUnrealized lossesFair value
Level 1:
Term deposits (due within one year)$3,500 $— $— $3,500 
Money Market13,159 — — 13,159 
Total Level 116,659 — — 16,659 
Level 2:— — — — 
Level 3:— — — — 
Total securities$16,659 $— $— $16,659 
Business Combination, Intangible Asset, Acquired, Finite-Lived and Indefinite-Lived
The following table summarizes intellectual property as of May 31, 2026:
(in thousands)Amortization
Period		Gross Carrying ValueAccumulated
Amortization		Net Book
Value
Developed technologies–DILIsym acquisition
Straight line 9 years
$2,850 $2,850 $— 
Intellectual rights of Entelos Holding Company
Straight line 10 years
50 39 11 
Developed technologies–Lixoft acquisition
Straight line 16 years
8,010 3,066 4,944 
Developed technologies–Immunetrics acquisition
Straight line 5 years
1,080 639 441 
Developed technologies–Pro-ficiency acquisition
Straight line 5 years
3,228 3,228 — 
$15,218 $9,822 $5,396 
The following table summarizes intellectual property as of August 31, 2025:
(in thousands)Amortization
Period		Gross Carrying ValueAccumulated
Amortization		Net Book
Value
Developed technologies–DILIsym acquisition
Straight line 9 years
$2,850 $2,610 $240 
Intellectual rights of Entelos Holding Company
Straight line 10 years
50 36 14 
Developed technologies–Lixoft acquisition
Straight line 16 years
8,010 2,670 5,340 
Developed technologies–Immunetrics acquisition
Straight line 5 years
1,080 477 603 
Developed technologies–Pro-ficiency acquisition
Straight line 5 years
3,228 3,228 — 
$15,218 $9,021 $6,197 
Schedule of Future Amortization Expenses
Estimated future amortization of intellectual property for the next five fiscal years is as follows:
(in thousands)
Years Ending August 31,
Amount
Remainder of 2026$186 
2027$744 
2028$699 
2029$526 
2030$524 
Schedule of Earnings Per Share, Basic and Diluted The components of basic and diluted earnings per share for the three and nine months ended May 31, 2026, and May 31, 2025, were as follows:
Three Months EndedNine Months Ended
(in thousands)May 31, 2026May 31, 2025May 31, 2026May 31, 2025
Numerator
Net income attributable to common shareholders$3,575 $(67,317)$8,786 $(64,037)
Denominator
Weighted-average number of common shares outstanding during the period20,209 20,113 20,170 20,092 
Dilutive effect of stock options30 — 63 — 
Common stock and common-stock equivalents used for diluted earnings per share20,239 20,113 20,233 20,092